Radio Host Gives Scam Advice While Stealing Millions, Part 2

The Perfect Scam

AARP

True Crime, Aarp, Fraud, Society & Culture, Scam, Crime, Bobsullivan

4.5 • 980 Ratings

🗓️ 8 April 2022

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

When investigators from the FBI and the Securities and Exchange Commission begin showing up at the homes of Dominion Investment Group clients, it becomes clear that Daryl Bank is not the trustworthy adviser and radio host he presents himself to be. Bank, Roger Hudspeth and their associates have been skimming 20 percent to 70 percent off the top. At this point, there are hundreds of victims, who’ve lost around $25 million — much of it spent on Bank’s lavish lifestyle.

Transcript

Click on a timestamp to play from that location

0:00.0	This week on The Perfect Scam.
0:04.0	He immediately took anywhere from 20% or sometimes as high as 70% of the investor funds for himself
0:12.0	to run his businesses to pay his sales people and then also to pay for the things that he wanted you know a 58,000 dollar 5-carad diamond ring for his wife 25,000,000,
0:25.0	dog, $300 shoehorn.
0:27.5	I mean, the things that they were buying
0:30.4	were so frivolous, so materialistic.
0:37.0	Welcome back to the perfect scam.
0:38.0	I'm your host Bob Sullivan.
0:41.0	When we left Richard Fairchild and Charlotte Anis and Moria Gray, their family's retirement
0:46.9	savings had been thrown into limbo after they trusted a company named Dominion Investment
0:51.9	Advisors, and trustedusted Darrell Bank and Roger
0:55.0	Hudspeth. The three victims who all live not far from each other near Virginia Beach
0:59.7	have all gotten calls from the FBI or the Security as an Exchange Commission
1:04.4	or Virginia State Investigators telling them there's a problem at Dominion.
1:08.8	A big problem.
1:10.8	You can hear the whole backstory in part one. If you haven't listened to that, you can go do that now.
1:16.0	Today we pick up the story with Marsha, a teacher who had been taken care of her mom for many years after her dad died. Mom called her home from
1:25.6	school one day when the FBI showed up at the house to ask questions about her
1:29.3	retirement account which was supposed to have about $1 million in it. It takes Marsha, 40 minutes to race home.
1:38.0	On Jennifer, the FBI agent, was already there, and she'd already explained stuff to my mom and my mom looked shell-shocked.
1:46.0	So when she started talking to me, I'm like, you're kidding me.
1:50.0	She asked if I'd heard of these different entities and I said yes.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from AARP, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of AARP and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.